Currently, Bitcoin has a large market share in the cryptocurrency market, and funds are mainly concentrated on Bitcoin, resulting in a "vampire effect" in the market. That is, everyone's money is flowing into Bitcoin, causing altcoins to perform very flat and unable to break out on their own. However, there may be an opportunity in the future for altcoins to explode. This may be when the Bitcoin price reaches a certain high point, and there is a pullback or the upward momentum slows down. Especially when Bitcoin breaks through the $100,000 mark and enters the high-price area, some funds may choose to sell for profits, which will provide room for altcoins to rise.
So, which altcoins are worth paying attention to? Here are four 100x potential cryptocurrencies that may explode in the future:
APT
Aptos is an emerging Layer 1 blockchain that aims to solve the problems of high transaction fees and network congestion. It uses a consensus mechanism called "Proof of Stake" and focuses on improving the scalability, security, and flexibility of the blockchain. Aptos was founded by core team members of the former Diem project of Meta, and it uses the Move programming language to develop smart contracts. Aptos can support a wide range of Web3 applications, and it is constantly upgrading and optimizing, aiming to become a powerful alternative in the blockchain industry.
PEPE
PEPE is a meme-based cryptocurrency that suddenly exploded in the spring of 2023, with a market capitalization reaching $1.6 billion at one point, and early investors made a fortune. Many people see it as one of the representatives of the "meme coin season". PEPE's future plans include listing on major exchanges and striving to become the "boss of the meme coin world". Although the prospects are uncertain, with the occurrence of events such as the Bitcoin halving, whether PEPE can usher in a new round of explosion continues to attract the attention of a large number of investors. In the rapidly changing cryptocurrency market, PEPE is a coin worth closely following.
NEAR
NEAR is a blockchain platform that helps developers build decentralized applications. It uses a technology called "sharding" to make blockchain transaction processing more efficient and able to handle more transactions simultaneously. NEAR's feature is that it can combine decentralization with traditional centralized storage methods to improve performance. NEAR is also compatible with Ethereum, supporting the transfer of Ethereum tokens to the NEAR network. Through these technologies, NEAR hopes to break through the scalability bottleneck of blockchains and provide developers with better tools and platforms.
SUI
Sui is a brand-new Layer 1 blockchain platform designed for large-scale applications worldwide. Sui's innovation lies in its object-centric data model, combined with the secure Move programming language, to solve the inefficiency problems in existing blockchains. It particularly focuses on user experience, aiming to make Web3 applications simpler and easier to use. Sui has also introduced some innovative features, such as zkLogin and sponsored transactions, to make blockchain applications more accessible to the general public.
Summary
Currently, Bitcoin dominates the market, but the rise of altcoins is not impossible. Especially after the slowdown in Bitcoin's upward momentum, altcoins may usher in a wave of explosion. The four cryptocurrencies mentioned above, Aptos, PEPE, NEAR, and Sui, all have great potential and are worth investors' attention. If you want to achieve super-high returns in the 2024 bull market, these coins may be a good choice!
